Financial News: Portugal Producer Prices Fall Further

Portugal Producer Prices Fall Further

04/17/2024 - 08:27:00 (RTTNews)

(RTTNews) - Portugal's producer prices decreased for the eleventh successive month in March, figures from Statistics Portugal showed on Wednesday.

The producer price index fell 1.4 percent year-on-year in March, though slower than the 2.5 percent decrease in the previous month.

The downward trend was largely driven by a 6.5 percent decline in prices for intermediate goods. Meanwhile, costs for energy goods rose 0.7 percent.

Excluding the energy group, producer prices decreased 1.9 percent annually in March versus a 2.4 percent decline in the prior month.

On a monthly basis, producer prices remained flat in March after a 0.4 percent increase in the prior month.

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